We observed several areas of best practice during the IR. In our view, New Zealand has taken the best aspects and learnings from other PPP jurisdictions and also implemented their own PPP management practices. The main examples were saw on both aspects were:
• Using a risk allocation matrix built on tested availability PPP road and social infrastructure projects delivered locally and internationally;
• Using the PBM information to help inform the value-for-money proposition;
• Ensuring the borrowing impacts from using a PPP contract are measured based on their impacts on the Crown's balance sheet;
• Implementing several contemporary PPP contract clauses (e.g. Crown support and interest rate hedging) to reflect post-GFC impacts on the pricing of risk in availability PPPs; and
• Te Waihanga's "PPP Dashboard" that provides a comprehensive coordinating agency view on key PPP metrics and risks so that trends and issues can be proactively monitored and managed.